If this window ends in failure, neither Desmond nor Lawwell will take the fall. That leaves Nicholson, the CEO, and McKay, the CFO, in the spotlight, alongside the manager.
Claim that Celtic’s summer recruitment list has been exhausted
Former Athletic journalist Kieran Devlin has claimed this week that Celtic’s recruitment list for the summer has already been exhausted with the recruitment team’s recommended players either moving elsewhere or rejecting the club’s advances. When that happens, the process shifts into ‘Agent Recommendation’ mode. Waiting for agents to pitch players, or sending out the informal ‘so what have you got for me?’ message.
The pattern from there is familiar. A player wants to leave his club. The selling club sets a price via the agent. The agent contacts the club. Celtic take a fortnight to conclude the deal.

Auston Trusty of Celtic during the pre-season friendly match between Celtic and Newcastle United at Celtic Park on July 19, 2025 in Glasgow, Scotland. (Photo by Ian MacNicol/Getty Images)
The Auston Trusty fallback
Last summer’s protracted Dara O’Shea chase, which ended with the Auston Trusty fallback, is a perfect example. There’s nothing wrong with agent recommendations as part of a coherent plan — but when they become the plan, alarm bells ring.
Nicholson and McKay oversee negotiations and financial sign-off. Last summer showed cracks in their execution. The club arguably overpaid for two of the main three signings they made, and in key markets, the pair appeared out of their depth.
Celtic can close certain deals quickly. Free transfers for ex-players eager to return. Cut-price moves in markets like Japan or Denmark, where Celtic’s name and brand carries significant weight. But in the ‘quality’ market Rodgers demands — targeting at the very least proven Europa League players capable of stepping up to Champions League level — Celtic often falter. These are the deals that require precision, speed and skill, yet they’re the ones that most frequently stall.

Ange Postecoglou and Dominic McKay Unveiling – Celtic Park Celtic new manager Ange Postecoglou poses for a photo at Celtic Park Glasgow. Picture date: Friday June 25, 2021. Photo: Jeff Holmes
Celtic, from the outside looking in, have not implemented visible structural reforms to fix the process
Since the Ange Postecoglou era and the days of CAA Base and Dom McKay, the club has struggled to execute multiple deals across different markets with both pace and accuracy. Even after acknowledging past transfer shortcomings, even coming close to apologising for them, Celtic, from the outside looking in, have not implemented visible structural reforms to fix the process.
Brendan Rodgers has been consistent in his messaging. To compete properly in the Champions League, Celtic must add a few quality players. That is the difference he believes will make the difference between simply making up the numbers in the new League stage, if we get there, and pushing for the last 16 — something Celtic have not achieved since a December 2012 win over Spartak Moscow under Neil Lennon.

Celtic v Spartak Moscow, Champions League group stages Celtic Park on 5 December 2012. Photo Vagelis Georgariou
This time, that card cannot be played
And now, with the lessons of 2018 burned into memory, the manager is in a stronger position. Last time, he left the following February, and the board were able to brief the narrative that he was to blame. This time, that card cannot be played. Rodgers has explicitly promised he will be at the club until the end of his contract at least — longer if he is allowed to build rather than merely maintain.
The personnel may have changed, but the structural rhythm remains. In 2018 it was injuries, suspensions, stalled negotiations, and a narrow Champions League exit. In 2025 it is injuries, thin squad depth in key areas, missed primary targets, and the risk of entering the play-off underpowered.

Daizen Maeda and teammate Reo Hatate are pictured with the Scottish Premiership trophy after the season’s final match against St. Mirren, on May 17, 2025. Photo IMAGO (The Celtic Star)
In both cases, the board’s slow approach risked undermining the football objective. In both, Rodgers has had to balance public optimism with private exasperation. Champions League qualification is more than prestige, it is the foundation of the club’s financial model. The revenue funds future transfers, helps retain top players, such as Daizen Maeda and Reo Hatate, and maintains domestic dominance. Miss out, and the knock-on effects can ripple.
Michael Nicholson has now overseen multiple windows where primary targets slipped away and reactive signings filled the gaps
If Celtic go into this play-off short of quality and fall short, accountability must follow. With Desmond and Lawwell unlikely to take the hit, and the CFO seemingly avoiding criticism up to now, the buck will stop with the CEO. Nicholson has now overseen multiple windows where primary targets slipped away and reactive signings filled the gaps. If the same happens again — if the club ends up relying on agent throw-ins because the main list was exhausted or negotiations dragged — heads will have to roll.

Celtic Manager Brendan Rodgers Celtic v St Mirren, Scottish Premiership, Celtic Park, 3 August 2025. Photo Stuart Wallace, IMAGO / Shutterstock (The Celtic Star)

Michael Nicholson, Chief Executive of Celtic FC looks on from the stands prior to the William Hill Premiership match between Celtic FC and St Mirren FC at Celtic Park on May 17, 2025. (Photo by Ian MacNicol/Getty Images)
The lesson from 2018 was obvious. Cautious spending in July and August can be a false economy. Waiting to qualify before properly investing can mean you fail to qualify because you didn’t invest.
The optimistic take now is that Celtic get the right signings over the line in time, Rodgers beds them in quickly, and the club reaches the League stage. The pessimistic take is the same slow processes drag on, qualification slips away, and the déjà vu is complete.
For now, the play-off and the final weeks of the window will decide whether this summer is remembered for strategic patience or for damaging hesitance. But the warning signs are already there.
In 2018, Celtic flew too close to the sun with a squad just shy of European quality. In 2025, they risk charting the same course — with the same possible ending. That’s quite the gamble to take, especially with history to learn from.
Niall J
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Nicholson is not fit for the job he holds. He’s not fit to be the boot cleaner at Celtic. He will almost certainly go if Celtic fail to qualify, as will others. The voice of the fans for change in the Boardroom will be so loud that these executive pariahs will no longer be able to ignore it. Celtic has needed a clearout of the suits for a long time, including, including Lawwell. He should never have been allowed to return anywhere near the Celtic Board, yet the old pals act that probably landed Nicholson the job got him back in. These people have no ambition for Celtic. Their sole ambition is to enrich themselves and their shareholders by using Celtic as a profit-making feeder club.
The recruitment team has failed BR badly . We needed strengthening and anyone who watches football can see this , however , we are going into champions league qualifiers with a squad weaker than last season. In addition we are away in the second leg and upon our 10 hour flight return who do we play ? Our records show after we play a European game our results are not consistent. I hope the recruitment team are held accountable, for this has gone on far to long .
Good analysis of CFC’s fiscal drag queens. What happened to Ange’s Agile transfer policy? Idah & Bernardo were both failures on loan – they should not have been signed. Engels is Celtic’s Tore Andre Flo. Trusty a waste of money too.